This acquisition is the latest in a series of major corporate net lease transactions completed on behalf of The Shidler Group’s managing partners and The Shidler Family Foundation.

Expands Hospitality Initiative to D.C. Full Service HotelCompletes acquisition of Westin Washington National Harbor, a seven-story, 195-room & suites full-service hotel in one of the strongest hospitality markets in the U.S. – Washington D.C. MSA. On the waterfront, the Westin is in the center of the $4 billion National Harbor development, which includes the Gaylord Convention Center and the MGM National Harbor Casino.​The Westin joins The Shidler Group’s portfolio of 27 Hyatt, Marriott, and Hilton branded hotels.

Sale Leaseback of BP North America World Headquarters​Completes acquisition and long-term leaseback of BP North America Inc.’s Headquarters located in the “Energy Capital of the World” – Houston, Texas. The 1,009,171 RSF complex includes the 28-story Class A Westlake One Tower.

BP Corporation North America, Inc. is rated “A2” by Moody’s and “A-” by S&P. This transaction is part of a series of major corporate net lease transactions completed on behalf of The Shidler Group’s managing partners and the Shidler Family Foundation.

Jay Shidler donates $2.1 Billion in Cash Flow to Alma MaterJay Shidler completes the donation of leased fee interests in land underlying commercial buildings throughout the nation to the University of Hawaii Foundation in support of the Shidler College of Business at the University of Hawaii at Manoa.

The gift is the donation of the land underlying 11 significant office buildings in the commercial business districts (CBD) of major mainland cities including – Seattle, Denver, Chicago, Tampa, Nashville, Louisville, Charlotte, and Columbus.

The attendant long-term ground leases are contractually obligated to pay the Shidler College of Business over $2.1 billion of net ground rent over the next 99 years.​Given the long-term nature of this gift, Mr. Shidler has imposed one critical condition – the University of Hawaii is prohibited from selling any of the donated ground leases prior to the end of their lease terms.

Proceeds from the issue were used by The Shidler Group to finance a 2,883-room portfolio of 22 select-service and extended-stay hotels.

Acquires Five-Hotel Portfolio from Hersha Hospitality TrustAcquires a 757-room portfolio from publicly traded Hersha Hospitality Trust (NYSE: HT). The hotels are Hyatt and Marriott branded select service and extended-stay facilities and are located in the San Francisco Bay Area, Phoenix, and the Washington D.C. MSA.

2016

Land Lease Financing Facilitates Partner BuyoutThe Shidler Group provides a component of the financing required to buy out a third party investor’s financial partner in Urban Towers, an 850,000 square foot Class A office complex of Las Colinas in Dallas, TX.

University of Washington Leased Fee AcquisitionTerra Funding Trust, an affiliate of The Shidler Group, acquires the land (an entire city block), subject to a 99-year ground lease, that underlies the University of Washington School of Medicine’s $355 million Biomedical Research Center with 399,221 rentable square feet.

As part of The Shidler Group's philanthropic initiatives, 80% of the reversionary interest in the land and the biomedical research center was donated to the UW School of Law, the UW School of Medicine and the University of Hawaii Shidler College of Business.

Jeff Carswell Named PartnerMr. Carswell is a Partner of The Shidler Group, primarily focusing on the financing of new acquisitions and the development of joint venture relationships with capital and operational partners. As such, Mr. Carswell has employed his in-depth knowledge of securitized markets and structured finance solutions to lead the structuring and funding of debt instruments totaling in excess of $1.5 billion. ​Mr. Carswell joined the Group in 2011 as Director of Capital Markets of Alliance Partners, one of the Group’s affiliated companies, where he led the acquisition and financing of office and industrial assets valued at $750 million.

Prior to joining the Group, Mr. Carswell was the founder and CEO of Oak River Capital LLC, a boutique investment-banking firm focused on capital raising and restructuring advisory services.

Land Under 40-Story Office Tower PurchasedTerra Funding Trust acquires the Leased Fee interest in the land underlying the 723,300 rentable square feet National City Tower in Louisville’s Central Business District. The Miesian-style tower is the second-tallest in the region.

A portion of the Leased Fee interest in the Land was donated to the University of Hawaii Foundation.

2015

Provides Land Sale/Leasebacks to 18 Marriott & Hilton Hotels​Terra Hospitality Trust, an affiliate of The Shidler Group, has become one of the most active U.S. acquirers of Leased Fee interests underlying hotels. ​

Marriott Courtyard Chicago – St. Charles

Hilton Homewood Suites Raleigh – Crabtree Valley

Hilton Garden Inn Atlanta North – Alpharetta

Hilton Hampton Inn Atlanta – Perimeter Center

Hilton Hampton Inn & Suites – Stuart

Hilton Hampton Inn Charlotte – University Place

Marriott Courtyard Houston – Brookhollow

Marriott Fairfield Inn & Suites – Orlando

Hilton Hampton Inn & Suites – Ft. Myers

Hilton Hampton Inn & Suites – Clermont

Hilton Homewood Suites Houston – Clear Lake

Hilton Homewood Suites Phoenix – MetroCenter

Hilton Hampton Inn Raleigh – Cary

Hilton Garden Inn San Antonio – Airport

Marriott Fairfield Inn & Suites – Naples

Marriott SpringHill Suites – Naples

Hilton Hampton Inn & Suites Nashville – Elliston Place

Hilton Hampton Inn Nashville – Vanderbilt

2014

Purchases Midtown Marriott at Hudson YardsThe Shidler Group completes the acquisition of its first NYC Hotel – the Fairfield Inn & Suites – Hudson Yards. This 22-story, 239-room hotel is located at 33rd Street, at Eighth avenue near Penn Station and Madison Square Garden.​Although Mr. Shidler has owned office buildings in Manhattan since 1979, this is The Shidler Group’s first NYC hotel.

Jay Shidler Gives $100 Million to Alma MaterMr. Shidler is recognized for his expanded commitment to the University of Hawaii’s Shidler College of Business and for his philanthropic leadership. Mr. Shidler increased his total donation to the college to $100 million, making it the largest donation ever made to the University of Hawaii from a private donor.

The gift included interests in the land underlying office buildings located in eight U.S. cities. For more information about The Shidler College of Business click here: http://shidler.hawaii.edu/visionary

Provides Land Lease Financing to Shoreline SquareShoreline Square is a premier Class A, 383,652 square foot office tower located in one of the most desirable coastal markets in Southern California. As a component of the acquisition financing, Terra Funding provided land lease financing via a 99-year ground lease to a third party investor.

Closes on Second-Largest Office Building in TampaThrough an affiliate, purchases the 38-story office tower comprising of 749,035 square feet of Class A office space. The building is located at 201 N. Franklin Street and is downtown Tampa's second-largest office building.

2013

﻿Acquires Wake Forest University Charlotte CenterThe Shidler Group purchases the Wake Forest University Charlotte Center building for $72.5 million from Bank of America Corp.

​The firm acquires the Wake Forest property in uptown Charlotte through two transactions, purchasing the underlying land for $12.5 million and the five-story building, at North College and East Fifth Streets, for $60 million.

﻿Buys Chicago LandmarkThe Shidler Group purchases a part of Chicago history with the acquisition of the 22-story Burnham Center for $94.6 million.

The 579,778 square foot property was built in 1914 and is one of Chicago’s most architecturally significant buildings. Designed by renowned architect Daniel H. Burnham in 1914, the building is listed on the National Register of Historic Places.

Chuck Harris Named PartnerMr. Harris is a Partner at The Shidler Group, where he is responsible for research and strategy development for The Group's new business ventures and investments. Working out of the Honolulu office, Mr. Harris was a co-developer of many of The Shidler Group’s leasehold, leased fee, and ground lease innovations.

Prior to joining The Shidler Group in 2005, Mr. Harris had a 22-year career in the U.S. Navy, including that of Commanding Officer of the USS HONOLULU, a fast attack nuclear submarine based at Pearl Harbor.

Tony Talbert Named PartnerMr. Talbert is a Partner of The Shidler Group, where he is responsible for acquisitions, capital markets and developing new investment initiatives, including the Shidler Group’s most recent hotel and net-lease investment platforms.

Since joining The Shidler Group in 2013, Mr. Talbert has been instrumental in establishing its 2,735 key select service hotel portfolio and has played a key role in the acquisition of over four million square feet of CBD office assets.

​​Mr. Talbert previously worked for 13 years with Chatham Financial Group where he specialized in the firm’s derivative advisory and real estate investment banking practices, the latter of which he co-founded. He has worked with numerous lenders, and real estate and leveraged buyout funds involving transactions in excess of $100 billion.

Third Party Land Financing Drives Bixby Office Park Purchase​The Shidler Group helps a third party investment firm to acquire the Bixby Office Park in Seal Beach, California by providing land sale/leaseback financing together with a new 99-year ground lease.

Buys 300 W. AdamsThe Shidler Group acquires the historic 300 W. Adams Building in the heart of Chicago's central business district. The 12-story, 252,847 square-foot West Loop tower has been home to scores of local and national businesses over the last 80 years. Today, its proximity to Chicago's world-class financial district, Wacker Drive rebirth and public transportation hubs make 300 W. Adams a true gem among its renowned neighbors.

2010

Co-Invests in Seaview Corporate CenterPacific Office Properties, Inc. acquires for $75 million an office and biotechnology complex in San Diego that also serves as its headquarters. The Los Angeles-based real estate investment trust, an affiliate of The Shidler Group, will co-own the five-building Seaview Corporate Center in partnership with an institutional investor.

2009

Kim Aquino Named PartnerMs. Aquino is a Partner of The Shidler Group overseeing new ventures and investment initiatives. Since joining The Shidler Group in 1991, Ms. Aquino has been instrumental in the Group’s initiatives including the founding and capitalization of its public and private companies, and the acquisition and financing of its investment portfolio.

​​From 1995 through 2009, Ms. Aquino served as Senior and Assistant Vice Presidents, responsible for organizing new investment vehicles. During this time, The Shidler Group formed and capitalized three public companies, and completed the founding and private placements of several privately-held operating companies.

Fourth REIT Becomes Public​Pacific Office Properties Trust, Inc. (NYSE Amex: PCE) goes public via a reverse merger and contribution of its western U.S. portfolio and institutional joint venture operations to Arizona Land Income Corporation, which is reincorporated as Pacific Office Properties Trust. Mr. Jay Shidler becomes its Chairman of the Board.

2006

University of Hawaii Business School RenamedMr. Shidler donates $25 million to his alma mater, the University of Hawaii at Manoa. The gift is the largest single donation ever received by the University and in recognition, the University of Hawaii College of Business Administration is renamed the Shidler College of Business.​

U.S. Bank Center Joins PortfolioCo-Acquires the U.S. Bank Center in downtown Phoenix. The property is the second-tallest office building in Arizona and marks The Shidler Group’s continued commitment to expansion in the country’s highest-growth markets.​

​Pacific Properties FormedForms Pacific Office Properties Trust, Inc. as a private REIT to focus on the acquisition, ownership and management of Class A office property in the Honolulu, San Diego, Los Angeles and Phoenix markets​.

One Million-Square-Foot Complex Acquired​Phoenix office acquires the one million square foot City Square Complex in mid-town Phoenix. City Square, which includes three Class A high-rise towers and a Hilton hotel, is the largest mixed-use commercial condominium in Arizona.​

15-Building Portfolio JV With GECCForms major joint venture with General Electric Capital Corporation to acquire commercial property in the southern California market. First transaction is a $65 million acquisition of a 15-building portfolio in San Diego.​

2004

​Primus Guaranty Listed on NYSEPrimus Guaranty, Ltd. goes public and lists on the New York Stock Exchange (NYSE: PRS) having issued over $8 billion in credit protection. Primus becomes the first publicly-traded derivative product company in the U.S.

Completes First Billion-Dollar YearThe Shidler Group completes its first $1 billion year, with acquisitions in December alone exceeding $200 million.

​Acquires Largest Office Building in HonoluluAcquires the 550,000-square-foot Waterfront Plaza, a premier retail and office complex in the Honolulu commercial business district. With this purchase, The Shidler Group becomes the largest building owner in Honolulu.

2003

Completes Major Honolulu Purchase​Acquires two landmark Hawaii properties, Davies Pacific Center and the Pan Am Building, from the California State Teacher’s Retirement System. This acquisition is the largest office real estate transaction in Hawaii in 10 years and coincides with the beginning of the Honolulu office market recovery.

Co-Funds $265 Million PortfolioAcquires major West Coast commercial portfolio for $265 million. Properties include the Pasadena Hilton Hotel and the 24-story, 435,000 square feet office building at 801 S. Figueroa Street in Los Angeles.

1997

Reverse Merger into NASDAQ Listed Company​Merges its mid-Atlantic operations into and takes control of Royale Investments, Inc. (NASDAQ: RLIN) to form its third REIT, Corporate Office Properties Trust. Mr. Shidler becomes its Chairman of the Board.​

Larry Taff Becomes Managing PartnerLarry Taff named Managing Partner in Honolulu office. Mr. Taff will later become CEO of ​Pacific One Properties.

1994

2nd Public REIT Listed on NYSEForms its second REIT, First Industrial Realty Trust, Inc. (NYSE: FR). The Shidler Group’s midwest industrial real estate operations contribute 203 properties as First Industrial goes public. First Industrial becomes one of the largest industrial REITs in the U.S. with a market capitalization of $3.7 billion. Mr. Shidler, its largest individual shareholder, becomes Chairman of the Board.​

1993

Launches First Public REITForms its first REIT, TriNet Corporate Realty Trust, Inc. (NYSE: TRI) with its own corporate triple-net lease operations. TriNet goes public as the first net lease REIT and grows to become one of the largest providers of sale/ leaseback financing in the U.S. Robert W. Holman, Jr. is named the REIT’s CEO, and Mr. Shidler becomes its Chairman of the Board.

1992

First Non-Investment Grade Credit Tenant Lease (CTL)​Forms Blue Bell Funding, Inc. to publicly issue rated notes to fund the sale/leaseback of the Unisys Corporation world headquarters in Blue Bell, Pa. This is believed to be one of the industry's first single-asset real estate securitizations and begins a new era of marrying The Shidler Group’s real estate expertise with capital markets execution.​

1990

Philadelphia Office Completes First AcquisitionPhiladelphia office completes its first acquisition, a 10-property portfolio in Malvern Valley, Pa., using a series of short-term corporate sale/leasebacks.

Acquires 117 Freight and Distribution FacilitiesForms National Warehouse Investment Company (NWIC) to provide sale/leaseback financing for corporate LBOs. Later that same year, NWIC acquires and leases back 117 freight and distribution facilities in 36 states as the final leg of the management-sponsored LBO of P-I-E Nationwide, Inc.

Launches National Sale-Leaseback Operation​​Opens national corporate real estate office in San Francisco with Robert W Holman, Jr. as Managing Partner. This office focuses on surplus corporate real estate and non-credit sale/leasebacks nationwide. The organization and its portfolio will subsequently be taken public as TriNet Corporate Realty Trust.​

﻿Master Ground Leases First New York City Office BuildingAcquires 401 Park Avenue South, the first of 16 office buildings to be acquired in New York City.

1978

Opens San Francisco Office​Opens San Francisco office with brother Steve Shidler to invest in Bay Area commercial properties.

1977

Honolulu Expansion Continues ​Jim Reynolds and Jay Shidler team up to develop the master ground lease the Waikiki Marketplace, a retail center on Kuhio Avenue in Waikiki. They will subsequently form Reynolds + Shidler in Honolulu, which will become the predecessor to Pacific Office Properties Trust, Inc.

1976

First Master Ground Lease CompletedDevelops master ground lease technology used to acquire a leasehold interest in 1 North King Street in Honolulu.

1974

Opens Seattle Office​Opens Seattle office and acquires the Olympic National Life Building, now the site of the Wells Fargo Center.

1973

First Corporate Sale/Leaseback TransactionBegins to invest in California and completes first corporate sale/leaseback with acquisition of Applied Magnetics Corporation (NYSE: APM) in Santa Barbara.

1972

Acquires First HotelShidler's first acquisition with the purchase of the Polynesian Plaza Hotel, a hotel and commercial complex located on world-famous Kalakaua Avenue in Waikiki.​

1971

The Shidler Group Formed​Jay Shidler begins to invest in commercial real estate for his personal account and forms the company that will grow to become The Shidler Group.

Lt. Shidler Returns HomeFirst Lieutenant Jay Shidler returns to Hawaii from military service in the U.S. Army, Corps of Engineers (Combat), U.S. Eighth Army, 2nd Infantry Division, 2nd Engineer Battalion.

1968

Shidler's Senior Year at UHDuring his senior year at the University of Hawaii, Jay Shidler wrote a condominium development feasibility study that, two years later, would lead to creation of the Honolulu condominium known as “1111 Wilder”. Mr. Shidler’s 25% share of the 1111 Wilder development profits were received when he was still a First Lieutenant in the Army Corps of Engineers. The proceeds were used to capitalize what would become The Shidler Group.

1967

Shidler's Junior Year at UHAs a junior at the University of Hawaii, Jay Shidler completed an extensive research and analysis of each of Hawaii’s 136 existing condominium developments. This research coincided with the initial phase of Hawaii’s condominium building boom, which would be followed by similar booms in many U.S. mainland cities.​Due to the timely and valuable content of this proprietary research, it was published as a manual and sold to architects, developers, builders, and brokers as the Hawaii Condominium Guide.

1966

Shidler's Sophomore Year at UHJay Shidler lands a job as research assistant (office boy) with the Honolulu real estate appraisal firm of Philip Won, MAI. Research, research, research becomes a future strength of The Shidler Group.20-year old University of Hawaii sophomore, Jay Shidler, gets a summer job with Mike McCormack, Inc. a well-known Honolulu residential developer. Attempts to sell real estate… is a dismal failure. Begins thinking about a part-time job in real estate research.